Barrett Asset Management LLC Continues to Hold Position in Murphy Oil Corporation (NYSE:MUR)
Barrett Asset Management LLC held its stake in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, Holdings Channel reports. The firm owned 60,600 shares of the oil and gas producer’s stock at the end of the second quarter. Barrett Asset Management LLC’s holdings in Murphy Oil Corporation were worth $1,553,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Murphy Oil Corporation during the first quarter worth $111,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Murphy Oil Corporation by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 960 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Murphy Oil Corporation during the first quarter worth $208,000. Finally, Laurion Capital Management LP bought a new stake in shares of Murphy Oil Corporation during the first quarter worth $232,000. Institutional investors and hedge funds own 96.16% of the company’s stock.
Shares of Murphy Oil Corporation (NYSE:MUR) opened at 25.87 on Tuesday. The firm’s market cap is $4.46 billion. The stock’s 50 day moving average price is $25.29 and its 200-day moving average price is $26.90. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The firm had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. During the same quarter in the previous year, the business earned ($0.36) EPS. Equities research analysts anticipate that Murphy Oil Corporation will post ($0.34) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is presently -454.55%.
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A number of brokerages recently issued reports on MUR. Zacks Investment Research lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Barclays PLC increased their price objective on Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, April 17th. ValuEngine raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Simmons increased their price objective on Murphy Oil Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $32.00 price objective on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Murphy Oil Corporation has an average rating of “Hold” and a consensus price target of $31.50.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the sale, the vice president now owns 100 shares of the company’s stock, valued at approximately $2,605. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.89% of the stock is currently owned by insiders.
About Murphy Oil Corporation
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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